Bp

A $1.3 billion expansion has been sanctioned by BP plc for its deepwater Atlantis field in the Gulf of Mexico (GOM), with “significant additional oil resources” identified by the supermajor that could expand development opportunities around all of its offshore U.S. production hubs.

Twenty-five leading natural gas marketers added another 8.04 Bcf/d (7%) to their total sales volumes in 3Q2018 compared with the same period last year, a fourth consecutive quarter with a significant upward trend, according to NGI’s 3Q2018 Top North American Natural Gas Marketers rankings.

BP plc’s Lower 48 oil and gas business has been rebranded as BPX Energy to mark a new era of growth, executives said Wednesday.

Fresh off a mega-acquisition in the Lower 48, BP plc on Tuesday delivered sharply higher second quarter profits, with the upstream delivering its strongest results in almost four years on both a replacement cost and underlying basis.

Houston-based super independent ConocoPhillips said Tuesday it has an agreement with BP plc that would, among other things, boost its holdings in a legacy development in Alaska.

Natural gas production, which climbed worldwide by 3% in 2017, provided the single largest contribution to primary energy growth, but the showdown between U.S. tight oil producers and the Organization of the Petroleum Exporting Countries (OPEC) continued to bring the drama last year.

Natural gas had a “bumper” year in 2017, as consumption and production increased worldwide at their fastest clip in nearly a decade, BP plc reported Wednesday.

BP plc on Tuesday reported its strongest underlying quarterly profit in three years, with first quarter earnings up 71% year/year and 23% sequentially.

BP plc’s Canadian unit has been granted a national environmental green light for a four-year exploration campaign across a 14,000-square-kilometer (5,600-square-mile) Atlantic Ocean drilling frontier offshore of Nova Scotia.